3. The global mobile health app market is expected to reach US$102.35 billion by 2023
The total global market for healthcare apps was valued at just $2.4 billion in 2017. In 2020, it had already risen dramatically to $40.05 billion. Experts predict that this will continue to rise by 17.7% from 2021 to 2028. If this trend continues, the market could be worth a staggering $125.32 billion in 2028.
The benefit of improving patient care and patient experience are the main contributing factors to this increase. The impacts of COVID-19 have also caused this number to rise with remote doctor’s appointments, patient monitoring, and telehealth.
The popularity of healthcare apps is also boosted by the growth percentage of smartphone users which has risen from 1.86 billion in 2015 to over 3 billion today. This growth is expected to continue and surpass 4 billion by 2023 which will further increase healthcare app usage in the world.
4. By 2025, one in every 3 adults in America will wear a fitness tracker
The latest medical technology statistics show that 1 in 5 Americans currently wear a fitness tracker such as Fitbit or a smartwatch. This is also predicted to grow by a further 20% between now and 2025.
A few other interesting factors are that women are more likely to wear a fitness tracker than men (25% vs. 18%), Hispanic adults are more likely to wear one than whites (26% vs. 20%), and people in households earning more than $75000 per year are more likely to wear a fitness tracker regularly.
Furthermore, 28% of China’s population uses a connected health device – this is the highest number of any country in the world.